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FOX News
Apr 6, 2013 7:00am PDT >> brenda: that payroll tax hike making jobs take a hike? retailers shedding more workers than any other sector last month and consumers have less cash it spend. and now, more tax hikes could be on the way. president obama expecting the call for another 700 billion dollars in tax revenues when he releases his budget next week. will that mean more job losses are on the way? hi, everyone, i'm brenda buttner, this is bulls and bears. let's get right to it, the bulls and bears this week, gary b smith, tobin smith, jonas max ferris in our studio. >> outstanding. >> brenda: along with jehmu green. john, will more tax hikes have employers telling employees to take a hike? >> yes, no doubt about it. that's what's happening right now. we have the lowest labor force participation rate since 1979. and just a year ago, president obama was saying this is the last time we need to raise taxes. president clinton has said the exact same thing, but for years they railed on the bush tax cuts so this is why we've got so much deficit and then they make them permanent. they raises taxes on the
Apr 6, 2013 6:20pm EDT
want to grow the economy without raising taxes. >> hi, everybody. our top priority as a nation and my top priority as president must be doing everything we can to reignite the engine of america's growth, a rising, thriving middle class. .hat is our north store that must have every decision they make. yesterday we learned that our -- we created about $500,000 this year. we haveave got -- created about 500,000 jobs this year. but we have got more to do. there are spending cuts that are hurting the community. cut cell costs our economy hundreds of thousands of jobs this year. countrywant to keep our on growth, when the create good, middle-class jobs, you have to make smarter choices. this week i will send a budget to congress that will help us do that. it is a fiscally responsible blueprint for middle-class jobs and growth. washington has argumen raged. my budget puts that argument to rest. we do not have to choose between goals, we can do both. when we saw in the 1990s, nothing reduces the deficit faster than growing the economy. my budget will reduce the deficit not what spending cuts
Apr 1, 2013 6:50am EDT
years with the recession. the recession led to declines in tax revenues. congress introduced tax cuts that caused the deficit to grow and we had federal government spending -- the newest spending that was -- stimulus spending that was higher than was the case before the recession. >> the recession hit and the debt skyrocketed. what caused the debt to reach a high point russia mark >> -- to reach a high point? >> the american people. we want welfare spending. we won all of the spending of the government spending and we do not want to pay the bill. >> this is like going to the mall with your dad's credit card. it is fun. you go shopping. maybe there are limitations, but in the end you are not the one paying. you have to think of it differently. you are going to the mall with your grandchild's credit card. that is what we are doing with the federal government. we are making these promises to provide programs and benefit that the public demands. we are passing that will two generations. in the their involvement decision process. at itsust attack it core, the largest spending problems. >>
Apr 5, 2013 6:30pm PDT
off a system of hidden tax havens. more than 100,000 of the world's mega rich were found to have part money in offshore accounts. >> the maybe was published in papers and on web sites around the world today. the list proves politicians, wall street traders, corporate executives, and many more. >> the cayman islands may be best known for its beaches and weather, but there's another reason some of the world's wealthiest keep coming back -- people here pay no taxes. with the help of international banks, trillions of dollars have been funneled into tax havens like this, but today's revelations could have some of the super rich quaking in their boots. league records reveal the identities of more than 130,000 people with secret accounts in places like the caymans and the british virgin islands. the documents expose a complex system of fraud and corruption. >> anyone who puts their money into a tax haven is probably trying to hide something. why else would you spend a lot of money setting up an account unless you have something to hide? >> german journalists were part of the internation
FOX Business
Apr 1, 2013 6:00pm EDT
. money you're actually do, right? >> i pay everything, my taxes to might not want anything handed out to me. i just want what i pay for. i want -- they give my premium. what they charge me is their problem. i don't know, you know. they asked me for $1,700 in unpaid. now i am asking him to settle my claim in this seems to be an awful long road. gerri: dragging their feet. >> yes. gerri: look, feel that is telling folks that 94 percent of the clans in new jersey have been settled . does that seem right to you? >> i don't know. i guess i am a six percentage, i guess, right? i don't know. the thing is, there was a complete line. i called the complaint line. they answered it, fema, and said there were not taking any more complaints, believe it or not. now, you know, it is really a joke, you know. very frustrating. gerri: how long have you had the house? what are your dreams when you got it? you had a plan for the house. >> i had the house for eight years. we had homes in the ocean city, different places, condos, moved up a little bit. my wife just loves it there. we've had our children the
Mar 29, 2013 10:00pm PDT
, carnival paid a total in federal, state, local, and even international taxes of 0.6%. >>> also, if you are expecting a tax refund, tonight, there is a reason to worry about it. a fast-growing scam can steal your refund from the irs before you even see it. kate snow uncovers the criminals so brazen, they have even targeted these police officers. >> i had atrafficker, if i can do tax returns ten a day, $40,000, $50,000, a day, and i can watch cartoons while i'm doing it. >> who is susceptible to this? >> everybody. >>> and cate edwards speaks in depth to savannah guthrie and the decision to stand by her father. >> what did you think when you first found out? how did you find out? >> yes, he told me. i was devastated. they are my parents. >>> this happened a week ago tonight, what's with all of the meteors? not like we can get out of their way, but is there anything we can do about them? that, and more, as "rock center" gets under way. good evening, welcome. a time a few weeks back when carnival cruiselines could not buy a break. they had more than one disaster at sea and a run of bad pr.
Apr 3, 2013 6:00pm PDT
tax hot line is well underway. check it out for yourself then give us a call. >>> a man accused of ramming a car in walmart on sunday and attacking four people was out of jail on bail for similar incidents in december. david louie has been looking into how that happened and has video of the first crash. >> 33-year-old qualified for $20,000 bail after crashing no a car wash in december that. case is still in the early pretrial stage. now he's accused of doing the same thing in a walmart store on sunday. critics wonder why he was out on bail. this security video shows what happened before the crash. a man police identified as hamid zaied drove a lexus through double glass doors almost crushing two employees. the owner chuck brassfield says he looked and thinks it was deliberate. >> he came around the intersection out there. passed another vehicle on the inside getting into the property. and drove right straight for the door and into the door and across to gift shop without lifting off of the accelerateor. >> the district attorney concluded he has lost control of the car. he faced dru
Apr 2, 2013 9:00pm PDT
(k) plan is 100% tax. not only are you paying tax today, but in addition to that, if you're under the age of 59 1/2, you also pay a 10% penalty in addition to the tax. third and last -- >> wait a minute. you pay whatever percentage of tax, which could be what? is it based on your prior salary? >> it's based -- partially so, because your salary has to do with your highs highest marginax bracket so the tax due on that withdrawal from that 401(k) plan will be at your highest margin. >> so you could plac end up payg close to 40% plus the 10%. >> which brings you up to 50%. so it's full tax at your highest marginal rate, and if you're under the age of 59 1/2, a 10% penalty in addition to that. a 10% penalty which is not deductible. i might add the most expensive part of this is not even the tax or the penalty, but rather it's the failure, the inability to receive tax deferred compounding interest on that money that goes to uncle sam, so if we have someone doing this at age 50, they don't really have to take that money out until they're 70 1/2, so in that case, they've lost the ability to r
FOX News
Mar 30, 2013 7:30am PDT
fund calling for $1.40 tax in the us of a. and protesters are ready to put the kibosh on the keystone pipeline they say to save the environment. what is weird is how their saving can be so selective. they're not quacking about a thousand dead ducks showing up in a chinese river, little more than a week after 16,000 just as dead pigs showed up floating in another chinese river. no, a far, far bigger polluter gets a pass, we get a kick in the, well, the gas. to ben stein, charles payne, dagen mcdowell along with charlie what do you think. >> imf, they're bloated, arrogant, more harm to the third world than you can imagine and now trying to do the same to us. by the way, when did they get in charge of the environment? what's going on. they want a trillion dollar tax to save the environment and it's all-- it's regressive, repressive and stupid. and the sad thing is no one says anything, so it might not be a good idea. >> neil: you don't think it's a good idea? >> put me down in the no column. >> neil: what do you think? >> what do you expect out of the imf. anything worse than the local e
FOX News
Mar 31, 2013 12:00pm PDT
passing a trillion dollars in new taxes and so much more. we'll fill you in on last weekend's late night budget woes. plus, america's baby bust, forget terrorism and the national debt, the author of a provocative new book tells us why the nation's falling fertility rate is the biggest threat america faces. ♪ >> welcome to "the journal editorial report." i'm paul gigot. the supreme court wrapped up two days of oral arguments, setting the stage for a contentious ruling this june. they considered a challenge to proposition 8 california's voter-approved ban on gay marriage and the defense of marriage act known as doma defines marriage as between one man and one woman, survivors berths and tax deductions. joining us dan henninger, editorial board member, joe ragle, and opinion editor. and are we going to get a supreme court decision that says that gay marriage is a right imposed on 50 states? >> i don't think so. you saw disquiet left to right with even the liberal justices realizes this would be an especially radical step to say that the marriage arrangements that have prevailed for millen
Apr 1, 2013 7:00am EDT
person's name, social security number, because we provide these andoyers with tax breaks the law has been in effect for over 30 years. it is the federal verification employment laws and database. in order toer, hire someone, they are required , federalto our system payroll taxes, social security taxes, and medicare taxes. when an employer hires an undocumented worker, they are underfunding our system. that's why you hear these senators are now saying that they don't have enough money in medicare, social security, that's because they did not validate workers when they came to them for employment, because they have to pay into the system. i hope part of this immigration bill is that they are made to pay back taxes, that these employers are made to pay a fine because they violated our federal laws. host: do you think the proposal we have been talking about this morning would make things better or worse? caller: if they paid into the system, like everybody else -- because we have people who go to jail if they don't their federal taxes. to comellow a worker on board because they are undoc
FOX Business
Apr 1, 2013 9:00pm EDT
with an investment professional, an accountant, someone the you know that does your tax returns and get an opinion, does this make any sense? because these investment schemes that promised returns of party% or more never end up. gerri: you know what it reminds me of? we have this saying. if your mother says she loves you, check it out. you have to check erything out. thank you for coming on. appreciate your time. we will be sure to follow upon e story. thank you so much. >> thank you. gerri: now we want to know what you think. here is our question. use investing in vice to you trust more. maybe you go your own advice. log on to and are on the right-hand side of the screen analysis results of the end of the show. we are just etting started. next, the most popular city in america tough file for bankruptcy. how they get there are what happens now and will anyone be made whole again? tito's after the break. ♪ >> this will take years and years and nothing happens. [laughter] >> amen. good to see you. later in the show cyprus wants to be considered as a tax haven for wea
FOX News
Mar 30, 2013 1:00pm PDT
$1.40 gas tax to save the environment as protestors are getting ready to once and for all try to put the kabash on the keystone pipeline they say to save the environment. what is weird how they are saving can be so selected, how they aren't quacking a thousand dead ducks showing up in a chinese river after more than 16,000 just as dead pigs showed up floating in another chinese river. far bigger polluter gets a pass, we get a kick in the gas. to ben stein and charles payne and charlie gasparino. >> the imf are arrogant. they have done more harm to third worlds than you can imagine. what did they become in charge of the environment. what the heck is going on. they want to tax a trillion dollar tax to save the environment. it's regressive and stupid. to your point, hey, that might be a bad idea. >> neil: you don't think it's a good idea? >> put me down in the no column. [ laughter ] >> what do you expect out of the imf. sort of local bureaucrats we have in this country are sort of imported ones from europe. had they are 25 times more liberal and most of these environmental bureaucr
Apr 5, 2013 12:00pm EDT
will buy a 10-year bond at 1.8 when inflation is two and he might have to pay taxes too. oh besides that there might be some risk if they call it a treasury. why are they buying it hand over fist. they're front runting the fed. the fed said we'll keep the price of this bond up. he can count on it. we're price keeping. we're putting a floor under it. on the other hand the minute they buy that bond a billion worth, they go across the street one second and put it up as collateral on a repo. borrow $980 million at 10 basis points to fund the billion they just bought that will yield 1.8, 180 basis points. capture the spread. laugh all the way to the bank. and sleep like a baby at night because uncle ben said i'm going to keep the funding rate that you're paying the overnight rate, at 10 basis points for the next two or three years. so you don't have to worry about that and i'm not going to let the bond fall. now the point that i'm making is, this is the closest thing to legal thievery that's been created in a long time and it leads to a totally artificial market in which the treasury yie
Mar 31, 2013 9:00pm EDT
spending can be cut or at least will be cut. what we haven't shown is any willing tons combine tax increases and entitlement cuts in a meaningful way. the president says he wants it. it's hard for me to see how the politics have change sod much that because someone wants it it will happen. host: what are the odds a grand bargain happens? >> much less than 50/50. guest: if you look at the chairman of the budget committee and the chairman of the house budget committee and what they are proposing, i view them as a group together that e bline to facts and deaf to reason. the democrats believe we don't have to do something about social security and medicare and medicaid and you can trim them here and there but they are not growing at an unsustainable rate. if you look @ republicans, they have fanciful notion of how to constrain the cost that are from the land of oz. a good one being give granny a voucher. right now we have competition in the sense that big employers like yours and mine go out and negotiate with insurance companies for rates and in turn they negotiate with providers. see
Apr 5, 2013 4:00pm EDT
president's budget. it's expected next week. another tax hike could be in the offing. don't go anywhere. back in a moment. oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at [ male announcer ] see what's happening behind the scenes (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." >>> welcome back.
Apr 1, 2013 4:00am PDT
stocking up: traders react to the s&p's broken record! in today's cover story, brass tax: with the filing deadline just two weeks away, the most common tax mistakes to avoid. plus, why road trips won't cause as much wear and tear on your wallet this summer. and, a big-time investor fuels hope for detroit with a plan to "touch up" the motor city. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, april 1st. in today's first look: a new quarter begins. following a quarter bounce for stocks in the first 3 months of the year, the dow gained 11.3%, the nasdaq added 8.2%, and the s&p moved up 10%. among commodities, gold fell 4.8%, while oil welled up 5.9%. thursday, the dow and s&p both shattered records by closing at all-time highs. gold fell 10 dollars, while oil cracked $97. new yorkers will pay online state taxes to e-tailers such as amazon. the case could wind up in the supreme court. kfc is launching l'il buckets for kids at its chicken chains for $3.99. health groups are already crying "fow
Mar 28, 2013 11:00pm PDT
treasury in the form of taxes is at an all-time low and it's only 9% now of the revenues coming into the treasury-- treasury come from corporations. a few years back it was double that. a few years before that it was triple that, it used to be, many years ago that half of the tax revenues that came to wasngton came from corporations. now it's down to 9% of our revenues. and in large measure it's because of the kind of deductions and loopholes which are used, some of which are perfectly legitimate because they've performed an economic function, some of which are not. >> rose: we conclude this evening with a conversation with a 17-year-old who just sold his company to yahoo! for what some people believe is $30 million. his name is nick d'aloisio. >> at the end of the phone call they're like how can we arrange meetings. i think they are like we want to do a phone call at 11 a.m. this had been a night mire. i said i can't do 11 a.m. i said why can't you step out of the office. i said well, i'm at school. and they're like what, college, or post grad. and i'm like no, high school. >> and what,
Apr 5, 2013 2:30pm PDT
tetem of hidden tax havens. more than 100,000 of the world's mega rich were found to have executives, and many more. >> the cayman islands may be best known for its beaches and weather, but there's another reason some of the world's wealthiest keep coming back -- people here pay no taxes. with the help of international banks, trillions of dollars have been funneled into tax havens like this'''''''''''''''''''''''''''''''''''''''ing inheirleague records reveal the identities of more than 130,000 people with secret accounts in places like the caymans and the british virgin islands. the documents expose a complex system of fraud and anyon who puts their money into a tax haven is probably trying to hide something. why else would you spend a lot of money setting up an account unless you have something to investigative team that sifted through the millions of past 15 months. the laundry list of suspected tax evaders includes a deceased german playboy a p p, a provincial governor phihi dictator. the amount of money tucked away in offshore accounts is believed to be astronomical.
Mar 29, 2013 12:00am PDT
, which has looked into the lost revenues to this country by the way in which tax gimmicks are used, particularly by corporations to avoid paying taxes. and the way in which these offshore tax havens are used to avoid paying taxes. we've investigated that. there's a lot of revenue there that longs to the u.s. treasury and i think we can really make a contribution to the overall balanced solution by focusing on these lost revenues. >> let me stay on that issue for a second. many people propose that if we eliminate these corporate deductions and some of the things you're talking about, it will even be possible to lower corporate rates. do you agree with that? >> it may be possible to lower corporate rates. but the revenues which are lost through the use of these egregious tax loopholes, i'm not talking about normal tax deductions which are used by corporations, accelerated depreciation or things that have some legitimate economic purpose, i'm talking about the egregious kind of loopholes which are used. these tax gimmicks which are created to avoid paying taxes where there is no econo
FOX Business
Apr 5, 2013 11:00pm EDT
than trying to stop, we should be taxing them. we should have them contribute to what it is they are taking out of the economy, anyway you slice it, we need more skilled workers in this country and we need to train our own unemployed people to learn to be skilled workers in the field of jobs that we have open. charles: that is interesting. where do we put our efforts? can we say, yes, we want to slow down immigration so we can focus on people that are part of this permanent underclass. we know how many people who have been unemployed for these weeks and it is a crisis. >> we talk about this personal responsibility all the time. i'm going to look at my 2 cents and say there are jobs out there in science and technology and engineering and mathematics. if you're interested in these things and they look like they are, you should go out and get trained in them. if you're someone who is unemployed coming up look at the jobs that are open and how you can retrain yourself to fill those voids. we all know waiting for the government to do something is going to leave you starting in the long ru
Mar 30, 2013 7:00am EDT
today's washington post talks about maryland approving a gas tax for transportation. they also talk about something in virginia, the vote to approve this legislation in maryland and coming after a transportation plan was approved in virginia, a state led by a republican governor that compete for jobs in a region with some of the nation's worst traffic and justin. estion. what are your thoughts about paying to improve the roads and infrastructure in this part of virginia? caller: i do not like it if it is poorly designed. davidwe will move on to calling from chicago, illinois. suggest awanted to perspective on infrastructure. by socialn infrastructure is we have massive unemployment, probably the worst since the great depression. we have educated people of work. obamacare that will still not cover millions of people. we have people going into retirement that to not have the means to have a decent retirement. i would call it social architecture. i would focus on creating jobs. one way we create jobs is to top this awful legislation, which would double or triple the number of foreign g
Apr 6, 2013 2:00am PDT
figured out a way to keep students from voting in their own state. raise mom and dad's taxes. and to take the first step to debt reduction. this is hardball. the place for politics. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and
Mar 31, 2013 11:00pm PDT
, prepare to pay more sales tax. >> plus, the san francisco community is making sweet music once again. spivak easter would be the same in the bay area without the unique semester was the top of davidson. like built-in choses the large crowd that came out and how, for many, this is now a tradition. >> take a look at this view. it's no wonder that someone comes here to attend. the estimate is that 300 people made their way here this morning. >> with bagpipes and prayer, hundreds made the 20 minute trek up mount davidson for the easter sunrise service. >> is kind of a little bit of a sacrifice, but it just makes it that much more special together together. >> the service takes place every year in front of what organizers tell me is the biggest cross in the united states. one that was dedicated by fdr in 1934. >> the flavor of san francisco is here, different groups coming from all over northern california, and this week you can get better than using this. >> and for many, this service is now an age old tradition. the champagne toasts and the morning for this group of family and friends w
FOX Business
Apr 3, 2013 9:20am EDT
french, they're going back to the tax rate as the prime minister tried to explain away his secret swiss bank account. we've got it all. "varney & company" is about to begin. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the offial retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >> do we have another example of apple losing its cool in listen to this. according to the wall street journal, apple is going to release two new iphones this summer, a smaller cheaper version along with a refreshed iphone that sounds a whole lot like the current model. so, no new flashy product, no cool new phone, a rehash of what we've seen. tim cook has been struggling as apple's chief executive. and what would steve jobs say about cheaper and rehashed iphones? look how apple is expect
FOX News
Apr 2, 2013 2:00am PDT
at fox friends first at fox >> next on the rundown, have you done your taxes yet? while you rush to file -- a few more days -- before you rush to file before that deadline, there are common mistakes that could be very costly. >> it sounds like a scene out of the movie "footloose" but this is a real danceoff to protest a crazy law. we'll tell you about that law. >> welcome back. 21 after the top of the hour. time for a segment we like to call what the hill? it's going to be clear to you why we call it that. nearly 500 budget workers given furlough notices but it appears employees in the west wing are safe from the budget cuts. jay carney says the white house is slowing down hiring and cutting back on equipment and travel to save money. your hard-earned tax dollars being spent to overpay contractors for the government. a new inspector general's office report finds that the department of energy spent nearly $3.5 million for just ten executives for an environmental cleanup contract in 2011. two of those workers were paid $82 -- paid 82% and 74% above average. heather? >> two
Mar 28, 2013 5:00pm PDT
. but now it may be backfiring often the very republicans who who led the tax increase. well played, boehner. today is the birthday of edwin muskie. happy birthday to sheryl james of salt-n-pepa. tomorrow is good friday. hopefully my jokes will be funny three days from now if my jokes die. welcome. this is "viewpoint." >> john: good evening. i'm john fuglesang. this is "viewpoint." thank you so much for joining us tonight. an outraged president obama stood before the families of gun violence victims at the white house today and demanded congress enact gun control legislation in the wake of the sandy hook massacre. >> obama: less than 100 days ago that happened. and the entire country was shocked. the entire country pledged we would do something about it and this time would be different. shame on us if we've forgotten. >> john: the president also called on citizens and public advocacy groups to put more pressure on congress to act. >> obama: we've got grassroots groups out there that got started. and are out there mobilizing and organizing and keeping up the fight. that's what it's g
Apr 2, 2013 9:00am PDT
take a look at causes of china's pollution nightmare. >>> of course, if you think tax rates in the u.s. are too high, turns out we're not paying that much compared to a lot of other countries. >> take a look around the world. take denmark, for example. 60%, hello. we'll tell you who else is giving more than perhaps half of the salary back to the government. >>> american superhero made in china, for china, iron man 3 getting a far east remix as hollywood targets its globing audience. sorry. sore knee. blast of cold feels nice. why don't you use bengay zero degrees? it's the one you store in the freezer. same medicated pain reliever used by physical therapists. that's chilly! [ male announcer ] bengay zero degrees. freeze and move on. [ male announcer ] bengay zero degrees. she's always been able it's just her but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to trea
Mar 31, 2013 10:00am EDT
newcomers to poverty in drag down american wages and tax and that is their position let them do it. a pat way toget citizenship. i think we will have a system that finally works. they will have full citizenship rights. >> what specifically do you want on wages. ? significant is construction work? >> we want people that come here to get paid a fair wage, not 25% of the value. in povertyse people and will drive down wages. we said let the department decide. you pay that so they get paid the same as americans. >> is this hired and what they are getting paid? will we propose is for them to be able to decide. you do not do this at a rate that will hurt american wages or benefits. everybody wins. not want low-wage workers to be relegated to poverty. when you drive down american wages, the workers are already here will have their wages driven down as well. everybody loses when that happens. though seems as democrats and republicans do not see eye to eye with you on some of these issues. there are not talking about increasing the wage floor. >> i do not see eye to eye with has been onproblem
FOX Business
Apr 5, 2013 8:00pm EDT
rather than trying to stop it, we should be taxing them, have them contribute to what it is they are taking out of the economy, maybe become consumers down the road. any way you slice it, we need more skilled workers in the country and have to train our own unemployed people to be skilled workers and fill jobs that are open. charles: it's interesting, so what do we put efforts? in other words, say, listen, we want to sort of, you know, slow down immigration so we can focus on getting people who, part of the permanent underclass, the jobs number, we know how many people are unemployed for 27 weeks or longer. that's a crisis. >> that's back to perm speedometer. we talk about it all the time. i'm a parent. i look at my sons saying, look, there's jobs out there begging in science, technology, engineering, and mathematics. if you are interested in them, and they look like they are, go out and get trained in them. if you are unemployed, you have to look at the jobs that are open and look at how you can retrain yourself to fill jobs. waiting for the government to do something is going to le
FOX News
Apr 2, 2013 3:00pm PDT
uninsured. >> meanwhile 79 senators, including several liberal lawmakers recently voted to repeal a new tax in obama care on medical devices, following a similar vote in the house. >> the house and the senate agreeing this is a harmonic convergence. it doesn't happen. on this it has happened because the adverse consequences to our economiened at quality of healthcare are so apparent. >> the two separate votes have not become law but shown opposition to the sales tax on medical devices. why did it pass in the first place? >> they were desperate for money to try and pay for the affordable care act. and this one they just didn't think through very clearly. >> i think repealing the device tax would be irresponsible. we need the revenue and it's not going to be a job killer. >> the theory was that obama care would insure 30 million more and like drug makers they would get more customers, a stream of new revenue to make up for the tax. >> device manufacturers for the most part are going to be getting a large increase in business thanks to health reform. thanks to obama care. >> the ceo of one com
FOX Business
Apr 2, 2013 11:00pm EDT
up to 2.5 million people working in 2020, massive amounts of tax revenue, billions of dollars flowing into the state coffers that need it really bad here in california, and it's a win-win-win. realize that even lisa jackson, the former epa administrator, says there's no proven case where fracking affects ground water. liz: simon, what do you think of that? >> i think the economic benefits are real, and i think that the governor of the state said he wants to do everything he can to make sure california realizes the benefits. two things. we got to protect public health, do it properly, and second thing, there's other business interests here, agricultural, tourism industries want to make sure nothing done could disrupt their businesses too, but i think california's well on the way to being a major supplier of new gas and oil in the united states helping us become energy independent in ten years. liz: craig, huey, seems like californiaments the oil revenues without the oil in all of the issues around it; right? i mean, let's go to the number quickly for the viewer. we're taing abo
Mar 31, 2013 8:00pm PDT
prepare to pay more taxes. we'll explain. and the symphony making beautiful music once again. we'll have the latest on the musicians strike. and caught on camera - a woman stops to pick up her cellphone on the railroad tracks. we'll show you how she was saved in the nick of time. [ man ] i got this citi thankyou card and started earning loads of points. we'll leave that there. you got a weather balloon, with points? yes i did. [ man ] points i could use for just about anything. go. ♪ keep on going in this direction. take this bridge over here. there it is! [ man ] so i used mine to get a whole new perspective. [ laughter ] [ male announcer ] earn points with the citi thankyou card and redeem them for just about anything. visit to apply. >> after a long strike the san francisco symphony will begin playing again on tuesday. this after the symphony's administration and musicians reached a tentative agreement on a new 26-month contract. this contract is subject to change once the full orchestra and board of governors take a look at it. details on th
Apr 2, 2013 4:00pm PDT
at stake. >>> the irs wants to make the tax process easier. that's a miracle. right? why is one company 13e7spending millions of dollars to keep the irs from succeeding? >>> district attorney and his wife gunned down in texas this weekend. we have breaking news on this when we come back. ues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. >>> we are back with breaking news in the investigation in to the murders of a texas district attorney and his wife. mike mclelland and his wife cynthia were found shot multimillion times in their home over the weekend. murdered eight weeks after the deputy district attorney was also killed in the same county. ed l
FOX Business
Apr 6, 2013 5:00am EDT
more of your money to the tax man. it is an irresistible way washington can raise money. with us now, jonathan and judy. i will start with you, jonathan. the administration is shocked to find that people would save millions of dollars. does that mean they should get it? >> well, it would seem that the administration would think that it is their money. this is wealth confiscation. i don't know what other way to put it. it is like america's version of the many cypress. accumulated assets. they tried to is save retirements, and the government will come along in in their words decide what is a reasonable level of retirement savings. no wonder so many people i talk to are looking to hide money from the government of weather in gold, coins, or anything else gerri: to that point we had of your message just saying, you know, now it's time to get a bigger mattress. but my money in my mattress. when you talk about limiting the amount of money, what they're talking about possibly according to one government official and reports we have been seeing, limited to 3 million because the thinking is,
Apr 4, 2013 6:30pm PDT
taxes. >> u.s. forces in the pacific region are on high alert as north korea steps up its nuclear rhetoric again. >> and masterpieces of painting are to go back on display as the dutch national museum reopens after a 10-year revamp. >> a team of international journalists have blown the lid on what is a huge web of tax havens. some hundreds of thousands of the world's mega rich could be involved. >> according to the report, they have park money in covert companies and offshore accounts without disclosing the information and therefore avoided some hefty tax fees. the global media poll -- probe was published in papers and web sites around the world on thursday, and it sparked a wave of anger. >> it is estimated trillions of dollars are sitting in offshore havens, and the big banks are believed to be helping. >> the cayman islands may be best known for beaches and weather, but there's another reason some of the world's wealthiest keep coming back. people here pay no taxes. with the help of international banks, trillions of dollars have been funneled into tax havens like this, but toda
Apr 5, 2013 1:00pm EDT
analysted hoped for or predicted. >> and a big story today about big names avoiding big taxes. let's go down to where the action is. sue? >> there is an awful lot of action today because the market is selling off following the weaker than expected jobs report. only 88,000 jobs added in march but the unemployment rate fell. this is what they're focusing on here. $268,000 jobs from 236,000. the nasdaq sitting at about a one month low. where is the mub going? it's going to into the bond market. difd end yields is that a case for stocks? hey, jim. >> how are you? >> jim cramer with us. you are a glass half full kind of guy. that's what you say. but you didn't find anything in this report that made you feel that way. >> this is one number that i take very seriously. this was not a good number. it wasn't like the market didn't see it coming. you have these incredible moves in the kimberlys and color roxs. and today people are saying you know what? maybe that's why those stocks ran. on sunday night we get inflation numbers. people look at china and say they have been off the grid and the ba
FOX News
Apr 6, 2013 10:00am PDT
details on wednesday, but it's said to include some tax hikes. and some cuts to the growth of social security and other benefit programs. here is what the president said in his weekly radio and internet address. >> my budget will reduce our deficits, not with aimless, reckless spending cuts that hurt seniors and middle class families, but through the balanced approach that american people prefer and the investments that a growing economy demands. >> republican house speaker john boehner seen here with the president last november, said the president already got the tax increases he wanted at the end of last year and now it's time for spending cuts. as for the president's expected cuts to social security growth, speaker boehner said, quote, if the president believes these modest entitlement savings are needed to help shore up the programs there's no reason to be held hostage for tax hikes. that's a way to lead the country forward. and the president is getting criticism from the left flank. bernie sanders who caucuses with the democrats, is urging the president not to cut future
Mar 30, 2013 6:30am PDT
quiz will figure out what your risk tolerance is. pay yourself first, are you getting a tax refund, raise or bonus, save it before you notice it. do not spend your raise. put it into savings or college education fund. life insurance, make sure it is up to date and homeowners' policy is up to date and refinance your mortgage, if you still have a mortgage at 5%, get moving, average rates now on a 30-year fixed are around 3.5%. >>> speaking of your house this is the time of the year to make sure you don't leave money on the table, tax season. companies have the kay man islands inb bermuda, those are their tax shelters. when it comes to a tax shelter for the middle class you can open up the door. your home can be a money pit but come april 15 your daily shelter can become your tax shelter. you can deduction mortgage interest, worth nearly $1 hub billion a year. >> when you're looking at your house for deductions the biggest chunk in is in the interest for your mortgage. >> the first $1 million of debt on a property is tax deductible on your primarys redebs and second residence combined
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